By Busi Mavuso

The CEOs of SOEs have to reform them. That’s their function and they need to be backed if SOEs are going to be part of the solution to the deepening economic recession.

By Busi Mavuso

SA will see a return of badly needed fixed investment only if the state creates an environment that is conducive for businesses to thrive and to grow inclusively. Dabbling in prescribed assets or fiddling with the independence of the Reserve Bank will not rebuild confidence.

By Busi Mavuso

Tonight we head into a first in South Africa’s young history, with the entire population being placed under lockdown for our greater good.

President Cyril Ramaphosa gave a positive SONA 2020 with some real plans to deal with our economic problems. The challenge is implementation.

The loss of unambiguous independence of the bank in its oversight of financial stability would potentially put South Africa at odds with international obligations and risk its continued access to the global financial system. SA is highly dependent on foreign capital inflows to finance its budget and current account deficits.

Social cohesion improves economic growth by stopping physical and human capital destruction and creating social capital, cooperation and trust in society.